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IoT community MindSphere World grows through foundation of new association in Korea

Siemens Ltd. Seoul(SLS) together with Hyundai Wia and ISAAC Engineering Co., Ltd, software solution developers and manufacturing companies specialized in facilities and machinery, founded MindSphere World Korea in collaboration with IoT and data experts such as Incheon National University and Korea Polytechnic University. The association aims to speed up a data-driven business paradigm that blends core data technologies and applications of various industry fields, including big data, AI (artificial intelligence), AR (augmented reality) and VR (virtual reality). The association will make efforts to have a significant number of domestic enterprises, universities, research institutes, fourth industrial revolution-related organizations and promotion groups to join as members. After Germany, Italy and Singapore, Korea is the fourth country to establish MindSphere World and will further collaborate with other three organizations to get the benefits from the international exchange.
With the foundation of MindSphere World Korea, members will cooperate in the following areas:
▲Establish a MindSphere-based IoT ecosystem
▲Support members of MindSphere World Korea in improving IoT industry’s development issues
▲Promote research and development, training possibilities and information protection of IoT-related technology
▲Participate in international IoT standardization exchanges and cooperation projects for recommendation of further developments
▲Foster human resources through exchange and cooperation with enterprises, universities and research institutes
▲Organize exhibitions and training opportunities domestically and abroad for members of MindSphere World Korea
Dieter Schletterer, Head of Digital Industries(DI) at SLS, has been elected first Chairman of the association. “MindSphere World Korea aims to provide a concrete basis from which to drive forward the ecosystem of the fourth industrial revolution by establishing a community with leading enterprises of Korean manufacturing industry, academic institutions and talents” comments Mr. Schletterer and added “The wide-ranging portfolios of our association partners and extensive IoT-related professional skills will open up new boundless potential in the field of digitalization across all of Korea. The association will contribute to driving digitalization and strengthening the competitiveness of Korean manufacturing industry through mutual interchange and reinforced cooperation among association partners.”
MindSphere enables any manufacturing company, machine or plant to safely exchange a variety of digital data across corporate boundaries and to connect a wide range of products and environments organically. This data then leads to optimized process and facility at industrial sites as well as improved productivity and efficiency.

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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Since its foundation in the 1950s, Siemens Korea (Siemens Ltd. Seoul) has taken the initiative in providing various business cooperation efforts, active investments and development based on its superior technology and global experience in order to create positive ties with Korean industries. addition, Siemens in Korea pursues corporate citizenship programs and also supports the training of talented Korean professionals within high-tech industries in cooperation with several local universities.
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